NYSEMKT: UQM July 24, 2017 7:59 PM CET Minimum 20 min delay
-0.03 -3.03%
Volume: 38,602

UQM has been working for decades manufacturing products that are cost effective, reliable and of superior quality, creating a competitive advantage for our customers, and a cleaner environment for life on our planet.

Company Story and Timeline

UQM was Retro Electric before electric was a trend. From the rocking 70’s to the modern day electrification movement, we’ve done it all.

The result of this experience is a best-in-class electric propulsion and generation systems with leading torque and power density, efficiency and economy.

Back at the beginning, UQM thrived in the innovative early days of the EV industry, doing advanced engineering and R&D EV projects that were the beginnings of a deep understanding of motors and controllers, and advanced vehicle propulsion system design.

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At this time, UQM began doing projects with major global companies: BMW, Caterpillar, the Department of Energy, the Department of Defense, Ecostar, General Motors and John Deere.

Launched as Unique Mobility Inc. in 1967, today UQM develops and manufactures propulsion systems for hybrid, plug-in hybrid, fully electric and fuel cell vehicles, as well as power generation and marine applications. UQM has been involved in countless EV development projects – consumer, commercial and advanced engineering projects.

The 1980s and 90s brought many firsts for UQM, including the BMW E1 fleet of electric vehicles for California, the first electric camera truck used in the Olympics, and prototype hybrid HMMVs for the US Military. In 1998 UQM worked with Lee Iacocca and his EV Global Motors. It built the powertrain for the GM Precept Hybrid that was shown at the 2000 North American Auto Show. In 2008, a UQM motor propelled the first manned flight of a fuel cell-powered plane made by Boeing. Audi showed off the A1 e-tron concept car in 2010, featuring a UQM motor. The following year, Rolls-Royce debuted the 102EX Electric Phantom, with a UQM PowerPhase propulsion system. During these productive years, UQM gained a global reputation for power dense, technologically advanced propulsion systems.

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Following this period, the UQM strategy then shifted to volume production, and the construction of a state-of-the-art new production facility and headquarters in Longmont, Colorado, where UQM installed significant manufacturing capacity to meet the requirements necessary to be a Tier One supplier.

In 2011, UQM officially launched production of the PowerPhase Pro® product line for an automotive customer. This system is now what UQM is well known for: developing and manufacturing compact, high efficiency motor and controller systems. UQM’s long and diverse history has led to customer-focused products, with advanced features like user-selectable torque and speed, and a motor, controller and software combination that’s optimized to work together in the most power-dense and efficient way for any given application.

Over the last few years, UQM’s focus has turned to commercial fleets with the PowerPhase® HD large-application propulsion systems. These systems are ideal for fleet commercial vehicles like shuttles, transit buses and trucks from companies such as EVI, Proterra, Hino and others. The UQM HD systems are also used in a variety of other applications; speedboats; military robotic vehicles, Humvees and armored vehicles; sports cars; trains. Motorsports has been a showcase application for UQM over the years, and recently UQM supplied the electric motor and controller used in the Acciona electric rally car, the first zero-emission electric car to compete in the Dakar Rally, considered by many to be the most rigorous race on the planet. In addition UQM’s motor sports resume includes the previous feats of EV pioneer and famous risk-taker Chip Yates, who used UQM products in his record-setting electric motorcycles and electric-powered airplanes. UQM has worked with Chip over the years to achieve 18 world records and do things people never thought were possible.

In 2014 and 2015, UQM made major strides by achieving ISO/TS 16949 and ISO14001 certifications, which are considered to be the highest automotive quality standards, and this achievement lent a world-class cachet to UQM’s 130,000-square-foot Colorado manufacturing plant, which has a capacity for high-volume production.

UQM is now focusing heavily on bringing its OEM-level quality and production capacity to important emerging EV markets. In 2015 the company’s PowerPhase HD 250 received Chinese General Specifications certification from the China Automotive Technology & Research Center in Tianjin. UQM signed a 10-year production and supply agreement for UQM’s newly designed explosion proof motor systems, with Changzhou’s Keshi Group, a major manufacturer in the Chinese mining industry. In late 2015, UQM announced a major China customer- ITL Eastlake. The China truck and bus market has shown particular promise. From mid-duty delivery and work vehicles to heavy-duty vehicles and buses, these opportunities have provided a major market opportunity for vehicle electrification.

UQM’s business expansion has moved into other industries and addressable markets beyond vehicles that include: marine, energy storage, aviation, and fuel cell compressors. Many of these industries benefit from UQM’s proven high efficiency, high power output and robust design. The marine space is an example of a new growth market where marine fleet companies are advertising a payback period of 18 months for diesel replacement in fleets of ferries and patrol boats, and less than 12 months for gas engine replacement in commercial operation. UQM also acquired the fuel cell compressor module business of Roush Performance Products. Previously, UQM had supplied components for this compressor. Beginning in May, UQM took over manufacturing the full line of fuel cell compressors. Customers include Ballard Power Systems, a manufacturer of proton-exchange membrane fuel cell technology.

As UQM looks to the future, the company is confident that the many years in electrification and resultant expertise will position the company well in the wave of electrification that is reaching a tipping point in the global market. UQM is known by large and small companies alike as a technology leader, with the capability to produce high-quality products in volume. With the many new opportunities underway and exciting new markets like China, UQM expects growth in the coming years, which will allow the company to continue to be a leader in the electrification movement for many years to come.

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investor@uqm.com

303.682.4900

UQM Technologies Inc
4120 Specialty Pl.
Longmont, Colorado 80504

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sales@uqm.com

303.682.4900

UQM Technologies Inc
4120 Specialty Pl.
Longmont, Colorado 80504